Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow
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- S&P 500 ends marginally lower as investors focus on US-Iran war
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oil gains on little sign of progress in US-Iran talks
- S&P 500 history shows strong gains across Fed hiking cycles: BCA
- JPMorgan upgrades CoreWeave on stronger compute pricing
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- US and Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
Wells Fargo sees near term downside for S&P 500, remains bullish long-term
April 19, 2024 7:55 AM EDTAn analyst at Wells Fargo said in a note to clients Friday that it sees more downside for the S&P 500 despite his more bullish view over the longer term.
The bank notes that the S&P 500 is down 2.2% week-to-date due to the "triple-whammy" of higher rates, cautious 1Q24 comments around consumer demand, and continued geopolitical tensions.
"The rising rates, along... More
